1.1A bill for an act1.2relating to housing; reducing appropriations.1.3BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:

1.4Section 1. SUMMARY OF APPROPRIATIONS.

1.5The amounts shown in this section summarize direct appropriations, by fund, made 1.6in this article.

1.720102011Total1.8General$(2,297,000)$(2,603,000)$(4,900,000)1.9Total$(2,297,000)$(2,603,000)$(4,900,000)

1.10Sec. 2.APPROPRIATIONS.

1.11The sums shown in the columns marked "Appropriations" are added to or, if shown 1.12in parentheses, subtracted from the appropriations in Laws 2009, chapter 78, article 1, to 1.13the agencies and for the purposes specified in this article. The appropriations are from the 1.14general fund or another named fund, and are available for the fiscal years indicated for 1.15each purpose. The figures "2010" and "2011" used in this article mean that the addition 1.16to or subtraction from the appropriation listed under them is available for the fiscal year 1.17ending June 30, 2010, or June 30, 2011, respectively. Supplemental appropriations and 1.18reductions to appropriations for the fiscal year ending June 30, 2010, are effective the 1.19day following final enactment.

1.20APPROPRIATIONS1.21Available for the Year1.22Ending June 301.2320102011

2.1Sec. 3.HOUSING FINANCE AGENCY

2.2Subdivision 1.Total Appropriation$(2,297,000)$(2,603,000)

2.3The amounts that may be spent or must be 2.4reduced for each purpose are specified in the 2.5following subdivisions.

2.6Subd. 2.Affordable Rental Investment Fund(2,061,000)(1,603,000)

2.7These reductions are from the appropriation 2.8for the affordable rental investment fund 2.9program under Minnesota Statutes, section 2.10462A.21, subdivision 8b.2.11In fiscal year 2010, the Housing Finance 2.12Agency shall transfer $2,061,000 from the 2.13affordable rental investment fund program in 2.14the housing development fund, to the general 2.15fund.2.16The base appropriation for the affordable 2.17rental investment fund program for fiscal 2.18years 2012 and 2013 is $7,546,000 for each 2.19year.

2.20Subd. 3.Housing Rehabilitation(236,000)(1,000,000)

2.21These reductions are from the appropriation 2.22for the housing rehabilitation program 2.23under Minnesota Statutes, section 462A.05, 2.24subdivision 14, for rental housing 2.25developments.2.26In fiscal year 2010, the Housing Finance 2.27Agency shall transfer $236,000 from the 2.28housing rehabilitation program in the housing 2.29development fund, to the general fund.2.30The base appropriation for the housing 2.31rehabilitation program for fiscal years 2012 2.32and 2013 is $3,287,000 for each year.